Sectoral Energy- and Labour-Productivity Convergence



Table 4 Specified conditional β-convergence energy productivity

β

Energy
Price

Investment

share

Open

Balassa

Value
added
share

R 2

F-stat

Implied λ

Agriculture

- 0.1995*

0.0394

- 1.0158

- 2.2995

0.15

1.10

0.0445

(0.1136)

(0.7225)

(0.8969)

(2.1086)

Services

- 0.2296

- 0.0147

0.0714

0.3858

0.45

2.25

0.0522

(0.1791)

(0.5612)

(0.918)

(0.9388)

Transport

- 0.2350***

0.1168

0.7991**

4.1693**

0.46

3.87

0.0536

(0.0655)

(0.1439)

(0.3266)

(1.6905)

Chemicals

- 0.0820

1.3526**

0.9093

- 0.0427

0.1631

- 4.8405

0.28

1.39

0.0171

(0.0819)

(0.5008)

(1.2271)

(0.0335)

(0.1661)

(8.5819)

Food

- 0.1211

0.2130

- 0.5277

- 0.0432

0.0113

5.5691

0.35

1.79

0.0258

(0.0745)

(0.4951)

(0.9092)

(0.0363)

(0.0308)

(3.829)

Iron and Steel

- 0.3377**

1.9263**

- 0.8636

- 0.0251

0.0068

- 9.5859

0.44

2.79

0.0824

(0.1252)

(0.7689)

(0.7094)

(0.0184)

(0.1095)

(10.7085)

Machinery

- 0.2042***

0.4170

0.7337

0.0131

- 0.1112

2.3311

0.43

2.48

0.0457

(0.0684)

(0.4823)

(1.7063)

(0.0345)

(0.1997)

(1.6439)

Transport Equipment

- 0.2855

- 0.1642

0.4689

0.0011

0.2225

- 8.1921

0.25

0.79

0.0672

(0.1888)

(0.729)

(1.6648)

(0.0472)

(0.2079)

(13.7238)

Non-Ferrous Metals

- 0.0844

0.3943

0.0573

- 0.0307

- 0.0943

- 0.4460

0.20

0.75

0.0176

(0.2229)

(0.5285)

(0.2724)

(0.0208)

(0.1549)

(36.3853)

Non-Metallic Minerals

- 0.4561***

1.8238

0.0505

- 0.0336

0.2064

- 36.2293*

0.32

1.63

0.1218

(0.1611)

(1.0916)

(1.1821)

(0.1062)

(0.2016)

(20.1039)

Paper

- 0.1118*

0.6632**

- 0.8569

- 0.0740

- 0.0643

7.5805

0.47

2.76

0.0237

(0.0613)

(0.3052)

(0.8666)

(0.0527)

(0.0723)

(6.1778)

Textiles

- 0.3656*

- 0.4195

0.3092

- 0.0497

0.2136

- 11.7071

0.29

1.29

0.0910

(0.2053)

(0.783)

(3.1265)

(0.0368)

(0.2621)

(19.7875)

Wood

- 0.4686

- 0.8418

- 2.7443

- 0.1293*

0.0229

- 53.1902

0.51

1.23

0.1264

(0.3351)

(0.5508)

(2.2403)

(0.0699)

(0.0667)

(34.2262)

Standard errors in parentheses. Asterisks denote levels of significance: *** (1%), ** (5%), * (10%).

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